Gas project forecast to lift Mozambique’s economy

Gas project forecast to lift Mozambique’s economy

ExxonMobil’s gas project is forecast to lift Mozambique’s economy by more than 4% a year once production starts in four years, Standard Bank estimates.Mozambique has the world’s eleventh largest gas reserves and the $30 billion Exxon-Mobil-led project, alongside TotalEnergies’ $20 billion gas project, are central to reshaping the economy. The country has positioned itself as a source of liquefied natural gas as an alternative for global buyers h…